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anty and jin form an llc. jin invest 4300 cash, equipment with a market value of 7300, and land with a market value of 46500. prepare the llc's journal entry to record jin's investment.

Respuesta :

Based on the information given, the journal entry will be:

Debit Cash $4300

Debit Equipment $7300

Debit Land $46500

Credit Jin equity $58100

(To record Jin's investment in the company).

What is a journal entry?

It should be noted that a journal entry simply means the act of making records of transactions.

The transactions are listed in the journal which shows the debit and credit balances of the company.

Learn more about journal entries on:

https://brainly.com/question/14279491

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